2704 16th Avenue S, Minneapolis, MN 55407

$579,000
3,590
SqFt
List Price
$579,000
MLS#
6232834
Status
ACTIVE
Type
Multifamily
Style
(MF) Four Plex
Living Area
3,590
Acres
0.17
Subdivision
Peters Add
Neighborhood
East Phillips
Year Built
1902

Property Description

This property is a very solid, value-add investment property for someone looking to grow their rental portfolio or perfect for an owner occupant looking to offset their living expenses. This property boasts a ton of character with a very charming facade and an interior with many original features remaining including beautiful hardwood floors and gorgeous built-ins. The unit mix consists of three 2-bedroom units and one 5-bedroom unit. Rents are below market rate, giving an investor the opportunity to increase the income. This equity builder has a lot of potential! There is also a large two car garage. Common laundry room located in the basement. Laundry machines are leased.

Additional Information

School District
Minneapolis
Amenities Shared
Coin-op Laundry Owned
Tax Amount
$10,872
Tax Year
2021
Fuel
Natural Gas
Sewer
City Sewer/Connected
Heating
Hot Water
Water
City Water/Connected
Handicap Accessible
None
Basement
Full
Garage Spaces
2

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Fair Trade Real Estate LLC.

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